(AEY) Antrim Energy
Summary
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| Mon 07:00 | RNS |
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FOR: ANTRIM ENERGY INC. TSX SYMBOL: AEN AIM SYMBOL: AEY February 6, 2012 Antrim Provides Update of East Fyne Appraisal Well and Causeway Development, UK North Sea CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Feb. 6, 2012) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company") Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced results from the East Fyne appraisal well in the UK Central North Sea block 21/28a (Antrim working interest 35.1%) and progress in the development of the Causeway Field in UK Northern North Sea Block 211/22a South East Area (Antrim working interest 35.5%). Well 21/28a-11 (the "East Fyne well") was drilled to a total depth of 5,020 feet in the eastern portion of the Fyne Field, an Eocene Tay oil accumulation located SW of and on trend with the producing NW Guillemot oil field. The well encountered approximately 24 feet of gas bearing sand in the Upper Tay formation and eight feet of oil bearing sand in the Middle Tay formation, with no oil-water contact identified. Very good reservoir quality was encountered in both the Upper and Middle Tay, with porosities in the range of 31 - 33%, oil saturations in the Middle Tay of approximately 78%, and high permeabilities in the multi-darcy range. Oil samples were collected and oil quality is currently being analyzed. The thickness of the oil bearing sand is at the lower end of the pre-drill estimate and the well is being plugged and abandoned. The joint venture partners will now incorporate the results of the East Fyne well and possible adjustment to internally estimated reserves into their analysis of field development options for the Fyne Field. Field development is proceeding in the Causeway Field. A field development plan ("FDP") has been approved by the UK Department of Energy and Climate Change ("DECC"), as previously announced on December 28, 2011. A lump sum contract with a value of approximately GBP 33 million was awarded by Operator Valiant Causeway Limited to French contractor Technip for engineering, procurement, installation and commissioning of rigid and flexible pipelines, subsea equipment and umbilicals. The Borgsten Dolphin semi-submersible rig has been contracted to complete the existing production and water injection wells in the field. Hydrocarbons will be transported to and processed at the Cormorant North platform operated by TAQA Bratani Limited, before being exported to the Sullom Voe terminal for sale. First oil remains on-track for the third quarter of 2012. Additional information concerning Antrim Energy Inc. is available at www.antrimenergy.com. Investor inquiries may be directed to info@antrimenergy.com or 1-403-264-5111. Forward-Looking Statements Some of the statements in this announcement may be forward-looking including statements relating to the drilling results. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. When used in this announcement, the words "approximate", "estimate" and similar expressions, whether used in connection with drilling activity or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2010 and dated March 28, 2011 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward- looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward- looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release. In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Vice President Operations of Antrim, is the qualified person that has reviewed the technical information contained in this news release. Mr. Fulton has over 30 years operating experience in the upstream oil and gas industry. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Antrim Energy Inc. Stephen Greer President & CEO (403) 264-5111 (403) 264-5113 (FAX) greer@antrimenergy.com OR Antrim Energy Inc. Scott Berry Manager, Investor Relations (403) 264-5111 (403) 264-5113 (FAX) berry@antrimenergy.com OR Antrim Energy Inc. Kerry Fulton Vice President Operations (403) 264-5111 (403) 264-5113 (FAX) Fulton@antrimenergy.com OR RBC Europe Limited Martin Eales +44 (0) 20 7029 7881 INDUSTRY: Energy and Utilities-Oil and Gas SUBJECT: OEX -0- Antrim Energy Inc. More |
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| 23-01-12 | RNS |
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FOR: ANTRIM ENERGY INC. TSX SYMBOL: AEN AIM SYMBOL: AEY January 23, 2012 Antrim Announces Agreement to Develop Fionn Field, UK North Sea CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Jan. 23, 2012) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company"), Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that it has signed an agreement with Valiant Petroleum plc to proceed with early installation of subsea facilities for the development of the Fionn Field in the UK Northern North Sea block 211/22a South East Area (the "Fionn Agreement"). Antrim holds a 35.5% working interest the block. The Fionn Field was previously referred to as the Central Causeway fault block. In December 2011, the UK Department of Energy and Climate Change ("DECC") assigned separate field designations to the Fionn Field and the Causeway Field, the latter containing the two fault blocks previously referred to as the East Causeway and Far East Causeway fault blocks. A Field Development Plan ("FDP") for the Causeway Field was approved by DECC, as announced on December 28 2011, with first oil expected in mid-2012. Under the terms of the Fionn Agreement, various subsea facilities will be installed during the first half of 2012 coincident with the installation of facilities for the Causeway Field as a pre-investment for the future tie-in of the Fionn Field in order to minimize development costs. Valiant has agreed to finance Antrim's working interest share of the Fionn Field pre-investment costs. Antrim has the option for three months following first oil production from the Causeway Field to opt out of participating in the Fionn Field development, or to confirm its participation in the Fionn Field development by paying its 35.1% working interest share of the pre-investment costs plus interest in respect to the financing. Coincident with the Fionn Agreement, a Development Plan and Budget ("DP&B") for the Fionn Field has been agreed to by the joint venture partners. Operator Valiant Causeway Limited will draft an FDP for the Fionn Field, which is expected to be submitted to DECC for approval in the first quarter of 2012. It is planned that Fionn production will be combined with the Causeway Field production, transported for processing to the Cormorant North platform operated by TAQA Bratani Limited, and exported to the Sullom Voe terminal for sale. First oil from the Fionn Field is anticipated in mid-2013. Development of the Fionn Field is subject to approval from DECC. Antrim's working interest share of development costs for the Fionn Field, including the pre-investment costs, is estimated to be approximately US$22 million. Additional information concerning Antrim Energy is available at www.antrimenergy.com. Investor inquiries may be directed to info@antrimenergy.com or 1-403-264-5111. Forward-Looking Statements Some of the statements in this announcement may be forward-looking including statements relating to the expected schedule of development and related costs. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. When used in this announcement, the words "anticipate", "expect", "plan", "approximate" and similar expressions, whether used in connection with the development of oil fields or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation of such information including assumptions regarding estimated timing for FDP approval and future terms relating to the Fionn Field development may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2010 and dated March 28, 2011 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release. In accordance with AIM guidelines, Mr. Terry Lederhouse, P. Eng and Vice President Commercial of Antrim, is the qualified person that has reviewed the technical information contained in this news release. Mr. Lederhouse has over 36 years operating experience in the upstream oil and gas industry. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Antrim Energy Inc. Stephen Greer President & CEO (403) 264-5111 (403) 264-5113 (FAX) greer@antrimenergy.com OR Antrim Energy Inc. Scott Berry Manager, Investor Relations (403) 264-5111 (403) 264-5113 (FAX) berry@antrimenergy.com OR Antrim Energy Inc. Terry Lederhouse Vice President Commercial (403) 264-5111 (403) 264-5113 (FAX) lederhouse@antrimenergy.com www.antrimenergy.com OR RBC Europe Limited Martin Eales +44 (0) 20 7029 7881 INDUSTRY: Energy and Utilities-Oil and Gas SUBJECT: NWS -0- Antrim Energy Inc. More |
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| 16-01-12 | RNS |
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NEWS RELEASE TRANSMITTED BY MARKETWIRE FOR: ANTRIM ENERGY INC. TSX SYMBOL: AEN AIM SYMBOL: AEY January 16, 2012 Antrim Announces Spud of East Fyne Appraisal Well, UK North Sea CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Jan. 16, 2012) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company"), Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that it has been notified by operator Premier Oil UK Limited ("Premier") that drilling operations have commenced on the East Fyne appraisal well in the UK Central North Sea block 21/28a (Antrim working interest 35.1%). Well 21/28a-11 (the "East Fyne well") is located in the eastern portion of the Fyne Field, an Eocene Tay oil accumulation located SW of and on trend with the producing NW Guillemot oil field. The well will be drilled at no cost to Antrim, with Antrim's share of the costs carried by Premier under the terms of the Earn In Agreement between Premier and Antrim for the joint development of the Greater Fyne Area (announced 06 Oct. 2010). Independent reserve evaluator McDaniel and Associates Ltd., in their reserve evaluation report dated 31 December 2010, assigned proved plus probable reserves of 21.2 million barrels of oil ("MMBO") to the Fyne Field (net 7.4 MMBO to Antrim). The East Fyne well is located approximately three kilometres from the recently announced (30 Nov. and 22 Dec. 2011) Erne Eocene Tay discoveries. Antrim expects the East Fyne appraisal well will be incorporated into a development plan for the Fyne Field and an overall strategy for the Greater Fyne Area. Additional information concerning Antrim Energy is available at www.antrimenergy.com. Investor inquiries may be directed to info@antrimenergy.com or 1-403-264-5111. Forward-Looking Statements Some of the statements in this announcement may be forward-looking including statements relating to the expected length of drilling time. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. When used in this announcement, the words "anticipate", "expect", "approximate" and similar expressions, whether used in connection with drilling activity, development of Fyne or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2010 and dated March 28, 2011 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release. In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Vice President Operations of Antrim, is the qualified person that has reviewed the technical information contained in this news release. Mr. Fulton has over 30 years operating experience in the upstream oil and gas industry. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Antrim Energy Inc. Stephen Greer President & CEO (403) 264-5111 (403) 264-5113 (FAX) greer@antrimenergy.com OR Antrim Energy Inc. Scott Berry Manager, Investor Relations (403) 264-5111 (403) 264-5113 (FAX) berry@antrimenergy.com OR Antrim Energy Inc. Kerry Fulton Vice President Operations (403) 264-5111 (403) 264-5113 (FAX) fulton@antrimenergy.com OR RBC Europe Limited Martin Eales +44 (0) 20 7029 7881 INDUSTRY: Energy and Utilities-Oil and Gas SUBJECT: OEX -0- Antrim Energy Inc. More |
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| 16-01-12 | RNS |
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FOR: ANTRIM ENERGY INC. TSX SYMBOL: AEN AIM SYMBOL: AEY January 16, 2012 Antrim Announces Spud of East Fyne Appraisal Well, UK North Sea CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Jan. 16, 2012) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company"), Antrim, an international oil and gas exploration and production company headquartered in Calgary, Canada, today announced that it has been notified by operator Premier Oil UK Limited ("Premier") that drilling operations have commenced on the East Fyne appraisal well in the UK Central North Sea block 21/28a (Antrim working interest 35.1%). Well 21/28a-11 (the "East Fyne well") is located in the eastern portion of the Fyne Field, an Eocene Tay oil accumulation located SW of and on trend with the producing NW Guillemot oil field. The well will be drilled at no cost to Antrim, with Antrim's share of the costs carried by Premier under the terms of the Earn In Agreement between Premier and Antrim for the joint development of the Greater Fyne Area (announced 06 Oct. 2010). Independent reserve evaluator McDaniel and Associates Ltd., in their reserve evaluation report dated 31 December 2010, assigned proved plus probable reserves of 21.2 million barrels of oil ("MMBO") to the Fyne Field (net 7.4 MMBO to Antrim). The East Fyne well is located approximately three kilometres from the recently announced (30 Nov. and 22 Dec. 2011) Erne Eocene Tay discoveries. Antrim expects the East Fyne appraisal well will be incorporated into a development plan for the Fyne Field and an overall strategy for the Greater Fyne Area. Additional information concerning Antrim Energy is available at www.antrimenergy.com. Investor inquiries may be directed to info@antrimenergy.com or 1-403-264-5111. Forward-Looking Statements Some of the statements in this announcement may be forward-looking including statements relating to the expected length of drilling time. Forward-looking statements include statements regarding the intent, belief and current expectations of Antrim Energy Inc. When used in this announcement, the words "anticipate", "expect", "approximate" and similar expressions, whether used in connection with drilling activity, development of Fyne or otherwise, are intended to identify forward-looking statements. Such statements are not promises or guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's Annual Information Form for the year ended December 31, 2010 and dated March 28, 2011 and available for viewing at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release. In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Vice President Operations of Antrim, is the qualified person that has reviewed the technical information contained in this news release. Mr. Fulton has over 30 years operating experience in the upstream oil and gas industry. FOR FURTHER INFORMATION PLEASE CONTACT: Antrim Energy Inc. Stephen Greer President & CEO (403) 264-5111 (403) 264-5113 (FAX) greer@antrimenergy.com OR Antrim Energy Inc. Scott Berry Manager, Investor Relations (403) 264-5111 (403) 264-5113 (FAX) berry@antrimenergy.com OR Antrim Energy Inc. Kerry Fulton Vice President Operations (403) 264-5111 (403) 264-5113 (FAX) fulton@antrimenergy.com OR RBC Europe Limited Martin Eales +44 (0) 20 7029 7881 Antrim Energy Inc. More |
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Mozambique Needs $50 Billion to Grow Gas Industry, Bias Says
February 07, 2012, 10:23 AM EST http://buswk.co/xB3n8a |
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Monday, February 06, 2012
http://bit.ly/zYvkXh |
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The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
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